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| Provider | Service type | Compensation |
|---|---|---|
GRIMES & COMPANY, INC.3 years Filed as: GRIMES & COMPANY Service code 26 110 TURNPIKE RD #100 · WESTBOROUGH, MA 01581 | Advisory (Participants) | $20,797 |
Service code 10 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914 | Accounting | $3,250 |
AMERICAN FUNDS7 years Filed as: CAPITAL RESEARCH MANAGEMENT COMPANY Service code 15 333 SOUTH HOPE STREET 55TH FLOOR · LOS ANGELES, CA 90071 | Recordkeeping | $2,225 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $40,658 | $54,213-25.0% | $93,696-56.6% | $77,736-47.7% |
| Participation rate | 47.2% | 64.0%-16.8pp | 68.7%-21.5pp | 70.6%-23.4pp |
| Annual return | 16.07% | 30.55%-14.5pp | 133.74%-117.7pp | 31.26%-15.2pp |
| Employer contribution / active EE | $361 | $1,168-69.1% | $2,422-85.1% | $2,728-86.8% |
| Participant deferral / active EE | $2,807 | $3,145-10.8% | $4,417-36.5% | $4,651-39.7% |
| Admin fee / account holder | $106 | $575-81.6% | $8,287-98.7% | $433-75.6% |